The Nigerian National Petroleum Company Limited has emphasized its operational independence, stating that President Bola Tinubu does not interfere in its activities. The national oil company clarified that decisions regarding employment, promotions, appointments, and the movement of business leaders within…
The Dangote Petroleum Refinery has revealed that the Federal Government has not met its crude oil supply targets under the naira-for-crude initiative. According to the Vice President of Dangote Industries Limited, Devakumar Edwin, the crude received from the Nigerian National…
The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration. It said the development is a major boost for…
The Energy Reforms Advocates of Nigeria (ERAN) has raised concerns over the increasing importation of petroleum products in Nigeria, despite recent commitments by the Nigerian National Petroleum Corporation Limited (NNPCL) to end imports and prioritise local refineries. The group criticised…
By Seun Ibiyemi Motorists and commuters are expected to experience more grief and agony as the Nigerian National Petroleum Company Limited (NNPCL), increased the pump price of Premium Motor Spirit (PMS), otherwise known as petrol, at its retail stations for…
The Nigerian government, through the Finance Ministry, has announced that the Nigerian National Petroleum Company Limited (NNPCL) has commenced the process of paying off its debt. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, made this…
The Nigerian National Petroleum Company Limited, NNPCL, has lamented the large scale vandalism that is causing economic sabotage to the nation. The company said production of crude oil can grow beyond the OPEC allocated quarter to 3 million barrels per…
The Presidency has announced the take-off of the 550 million US Dollar upstream gas project between the Nigerian National Petroleum Corporation Ltd. (NNPCL) and TotalEnergies on development of Ubeta field. Special Adviser (SA) to President Bola Tinubu on Energy, Olu…
The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. The NNPC spokesperson, Olufemi Soneye, disclosed this on Monday, in…
The Federal Government has announced that the Nigerian National Petroleum Company Limited will be the sole buyer of Premium Motors Spirit from Dangote Refinery. It also noted that interested marketers would have to buy the product from the national oil…
